Property Information:
This freestanding Foodland property is leased on a fully net basis to Sobeys, with the tenant responsible for all maintenance, repair, replacement to the premises and operating costs including, without limitation, the roof membrane, roof deck and flashing, HVAC, non-load bearing walls and parking facilities; the landlord is responsible for a very narrow definition of structure as defined in the lease. Strategically positioned on North Main Street, it anchors Westville’s primary commercial corridor and serves as the town’s dominant grocery store. The property also includes a Nova Scotia Liquor Corporation outlet constructed by Sobeys at their cost and sublet to NSLC — a capital investment that underscores Sobeys’ confidence in the site. With below-market rents, below-replacement-cost pricing, and a strong national covenant, this asset offers secure income and durable fundamentals in a stable market.
